Wedbush analyst Dan Ives pushes up Microsoft price target to $450 per share
Microsoft is approaching an “iPhone moment” as it starts to roll out its plans to monetize AI programs like Co-Pilot, according to Wedbush analyst Dan Ives. Wedbush has pushed up its Microsoft price target to $450 per share from $425. The new target is about 20% above where the stock closed on Wednesday. Shares of Microsoft rose slightly on Thursday.
Ives said in a note to clients on Wednesday evening, “We believe over the next 3 years over 60% of its MSFT installed base will ultimately be on this AI functionality for the enterprise/ commercial which changes the landscape for Nadella & Co going forward. While AI use cases will build markedly in FY24 its clear FY25 for Redmond remains the true inflection year of AI growth with pricing, beta customers, and use cases all being rolled out over the next 3-6 months.”
Wedbush pushes up its Microsoft price target to $450 per share from $425, sees ‘iPhone moment’ coming with AI
Wedbush pushed up its Microsoft price target to $450 per share from $425. The new target is about 20% above where the stock closed on Wednesday. Shares of Microsoft rose slightly on Thursday. – Jesse Pound
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